Hey,
Normally this should be in the PC hardware forums but I think this one deserved to be here. Why? Well this is not like a minor upgrade or a a spin-off of an excisting card. This is the ''next'' gen on the PC. DirectX 11.
Now I know you'll say that games can't really benefit from this unless they were build with DirectX 11 in mind, but there's always features that can patched or have little to do with programming (examples: Occlusion (patched), Anti-Alaising (hardware)). Ontop of all the new features the new cards are supposed to be beasts while they will being remaining very affordable.
Now for some information.
"According to a fresh report by Donanim Haber, AMD's next performance graphics accelerator, the Radeon HD 5870, codenamed "Cypress" is expected to be aggressively priced, at US $299. At that price, it intends to be highly competitive against GeForce GTX 285 from NVIDIA. The secret-sauce behind the price could be the 40 nm fab process on which the GPU is being built, which allows upping transistor counts while maintaining significantly smaller die-sizes compared to 55 nm.
There is a great deal of uncertainty surrounding the specifications of the GPU, including what level of performance with existing application could it end up offering. Some sources, such as ChipHell, which are one of the first to leak pictures of components related to various Evergreen family products claim the Cypress GPU to have an almost 100% increase in stream processor counts compared to RV770, while others remain conservative expecting it to be around 50%. With this kind of a pricing, Cypress could trigger market-wide changes in GPU pricing, if it ends up with a good price/performance ratio at $299.
Cypress is expected to be launched on 22 September, close to two weeks after the company unveils the Evergreen family of DirectX 11 compliant GPUs on September 10. Market availability is expected in October. In related news from the same report, the enthusiast-grade accelerator that uses two of these GPUs, codenamed "Hemlock", is expected to be out in November."
Source: http://www.cpu3d.com/news/8137-1/radeon-hd-5870-aggressively-priced/story.html
It won't take long before the prices drop. Just look at the HD4890 that started at 250$ and can already be found for 150$. Even at 299$ this is great value because you won't have to replace your card for years to come.
Here's a showcase of some DirectX 11 featureson QuakeCon 2009 - http://vimeo.com/6122205
So that's that, and now the waiting can begin.
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